JD Industrials prepares for $420m IPO on HKEX

The spun off firm from JD.com is preparing for an initial public offering on the Hong Kong Stock Exchange on December 11; the deal could generate around $20m of fees.

JD Industrials, a subsidiary of Chinese e-commerce group JD.com, is seeking to raise as much as $420 million on a Hong Kong initial primary offering (IPO) this week on December 11. The offer price range is between HK$12.7 ($1.63) to HK$15.5 per share.

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